In India’s cash-guzzling startup ecosystem, profit stories are a bit of an aberration. So much so that even its poster-child, Flipkart, hasn’t turned a profit in a decade of its existence.
But here’s a success story and only the second one from India.
Mobile advertising firm InMobi, one of India’s 10 unicorns, is now a profit-making venture. Data analytics firm Mu Sigma is the only other Indian unicorn with that distinction. (India’s other unicorns are Flipkart, Snapdeal, Ola, Paytm, Quikr, Hike, ShopClues and Zomato.) Read more…
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